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Citron is sorta bearish on $NVDA



This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit

Citron out with a short note on $NVDA...but his target is approximately where the stock was less than ten trading days ago. He thinks the stock will be back at $90 sometime in 2017.


I wouldn't be shock if $NVDA was back at $90 sometime in the next few months either. That's part of why we took a disciplined approach and trimmed some of our long last week.

Back to Citron, I shorted $VRX a few weeks before Citron came out with their short bet on $VRX and have had respect for some of their short calls on stocks like VRX, which is down more than 90% since I shorted it. But him coming out with a short-term swing trade based on a valuation difference of 15%. That seems silly -- the stock market can't pinpoint valuations of any particular growth stock to a 15% margin of error.

Here are just a few comments are subscribers are sharing about the post-Santa Claus rally and ringing in the New Year market-wise in the Chat Room.

  • Post Christmas blues, no more presents to open. OK, right or wrong, I always think of this time of year as an inflection point after seeing enough of them. There seems reason for a post new year hiccup surprise like last year ...not as deep. Many are still looking for an opportunity in?
  • Last year, we ended the so-called Santa Claus rally time slightly down. We entered the new year with red futures and more the 10% decline, not that we base our decisions on that but it is something I am hedged for just in case.
  • A little more cash / hedge in the next couple days for me. Holidays, even weekends, during controversy can be a catalyst.
  • The market is going up. We can hedge but make hay while the sun shines.

Be sure to join me during our last Q&A for 2016. Be sure to join me today at 2:00 p.m. EST for the live Q&A in the Chat Room. If you can't join me live, you can email your questions to (or just hit reply on this email), and I'll be sure to get them answered.

This article was written by Cody Willard for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit

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